Grover Jewells IPO: The Indian SME primary market continues to sizzle in 2026, and the latest buzz surrounds the Grover Jewells Limited IPO. Known for its integrated manufacturing and wholesale of gold jewellery, Grover Jewells is tapping into the capital market to fund its aggressive working capital needs and expansion.
In this guide, we break down the Grover Jewells IPO date, price, latest GMP, and financial health to help you decide if this is the right investment for your portfolio.
Grover Jewells IPO Details (2026)
| Feature | Details |
| IPO Open Date | February 4, 2026 |
| IPO Close Date | February 6, 2026 |
| Price Band | ₹83 to ₹88 per share |
| Lot Size | 1,600 Shares |
| Issue Size | ₹33.83 Crores (Fresh Issue) |
| Listing At | NSE SME |
| Registrar | Maashitla Securities Pvt Ltd |
IPO Timeline: Important Dates
Staying on top of the timeline is essential for timely UPI mandate confirmation and checking allotment.
- IPO Opens: Wednesday, February 4, 2026
- IPO Closes: Friday, February 6, 2026
- Allotment Finalization: Monday, February 9, 2026
- Refund Initiation: Tuesday, February 10, 2026
- Shares Credit to Demat: Tuesday, February 10, 2026
- Listing Date: Wednesday, February 11, 2026
Grover Jewells IPO GMP Today (Live Update)
The Grey Market Premium (GMP) is the unofficial premium at which shares trade before listing.
Current Status: As of today, the Grover Jewells IPO GMP is hovering around ₹0 to ₹5.
While the initial grey market activity is quiet, market analysts expect momentum to pick up once the subscription numbers for the first two days are released. Remember, GMP is a sentiment indicator and not a guarantee of listing performance.
Lot Size & Investment for Retail/HNI
For SME IPOs, the minimum investment is higher than Mainboard IPOs. Below is the breakdown for Grover Jewells:
- Retail (Min): 1 Lot (1,600 shares) | ₹1,40,800
- Retail (Max): 1 Lot (1,600 shares) | ₹1,40,800
- S-HNI (Min): 2 Lots (3,200 shares) | ₹2,81,600
Financial Performance: A Quick Look
Grover Jewells has shown explosive growth in the last two years. Their revenue jumped significantly in FY25, driven by an expansion in their B2B network.
- Revenue (FY25): ₹460.95 Crore (up 79% YoY)
- PAT (FY25): ₹7.62 Crore (up 174% YoY)
- Net Worth: ₹27.14 Crore (as of Oct 2025)
- ROE: 45.67% (Industry leading)
Key Strengths:
- In-house Manufacturing: Fully integrated facility with advanced Italian and German machinery.
- Wide Network: B2B presence across 20 Indian states and international exports to the UAE and Australia.
- Digital Edge: A dedicated mobile app with a 4.5+ rating for B2B orders.
How to Check Grover Jewells IPO Allotment Status
The allotment will be handled by Maashitla Securities. You can check your status on February 9, 2026, by following these steps:
- Visit the Maashitla Allotment Portal.
- Select “Grover Jewells Limited” from the list.
- Enter your PAN Number or Application Number.
- Click “Submit” to view your result.
Expert Review: To Apply or Avoid?
Verdict: Neutral to Positive (For Risk Seekers)
Grover Jewells is trading at a P/E of roughly 12.31x, which is competitive compared to peers like Shanti Gold or RBZ Jewellers. While the growth is impressive, the margins are thin (PAT margin ~2%), making it sensitive to gold price volatility.
Recommendation: Conservative investors may wait for subscription data, while aggressive investors might look for long-term value given the high ROE.
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